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Dr. Zhang is a professor of accounting at the UiS School of Business and Law, University of Stavanger, Norway. He earned his Ph.D. from Auburn University, USA, in November 2011. Before transitioning to academia, Dr. Zhang spent nearly a decade working as an auditor, financial analyst, and investment manager. He has taught accounting courses in English, Norway, and Chinese, and has been actively involved in various industrial, national, and international projects. Dr. Zhang has coauthored +70 peer-reviewed articles on various subjects, including environmental impact, sustainable finance, financial performance, and agricultural prices and trade.
Dengjun Zhang
UiS School of Business and Law, University of Stavagner, Norway
dengun.zhang at uis dot no
Research areas [Article No.]
Applied/Empirical Economics: Fisheries & Aquaculture
Profitability [20], [23], [41], 69; Capital Structure [33]; Bankruptcy [45]; Stock Market [14], 41
Eco-Labelling [21], [22], [26]; Environmental Impact 20, [59], [69]
Trade and Import Demand [1], [3], [5], [6], [12], [13], [16], [17], [19], [22], [25], [29], [57]
Price Volatility 6, 12, 13, 23, 25, 45, 57; Exchange Rate 6, 19, 29, 57
Auction Pricing [24], 34], [36], [42], [54], [55], [64], [65]
Consumer behavior 21, 22, 26, [72]
Price Transmission [4], [11], [63]; Emerging Markets 3, 13, 16, 19
Sustainable Finance [38], [52], [53], [61], [67]
Greenwashing [60]; Environmental and Finanical Performance [31], [47], [49]
Credit Constraints [32], [40], [48], [70], [73]; Auditing [27], [39]; Finance [8], [9], [10], [14], 41
Applied/Empirical Economics: Tourism, Energy, Trade, Innovation, etc.
Tourism Economics [30], 31, [43], [46]; Energy [7], [8], [15], [71], 73; Innovation [28], 40, 70
Gender 52, 60, 67; Labor 66, 67; SMEs 14, 23, 50, 51, 52, 61, 62
COVID-19 [48], [50], [51], [66], 72
[75] 2025. Sogn-Grundvåg, G., & Zhang, D. A. Quality-based pricing in a fish auction market: Are sellers’ expectations met? European Review of Agricultural Economics. (ABS 3) =
[74] 2025. Adewumi, O., Asche, F., & Zhang, D. The impact of employee educational background on the innovation-profitability nexus: A cross-country study of manufacturing and service firms. Int. J. of Entrepreneurship and Innovation Management. (ABS 1) *
[73] 2025. Zhang, D., Wei, T., & Affuso, E. Credit constraints and energy efficiency: Evidence from manufacturing firms. Energy Efficiency. https://doi.org/10.1007/s12053-025-10355-9 *
[72] 2025. Zhang, D. & Tveterås, R. Preference shifts in household salmon consumption: Before, during, and after external shocks. Applied Economics. (ABS 2) https://doi.org/10.1080/00036846.2025.2528999
[71] 2025. Zhang, D., Durmaz, N., & Kagochi, J. M. Energy outages, in-house power generators, and capacity utilization: The case of African manufacturing. Energy Economics. 108614. (ABS 3). https://doi.org/10.1016/j.eneco.2025.108614 #
[70] 2025. Zhang, D., Affuso, E., Buleca, J., Toth, P., & Pandy, R. Relationship among R&D, productivity, and firm exports: the moderating role of credit constraints. Studies in Business and Economics. 20(1). 281-292 (Impact Factor: 0.7) 10.2478/sbe-2025-0016 #
[69] 2025. Zhang, D., Sogn-Grundvåg, G., He, L., Tveteras, R., & Xu, X. Biophysical factors, environmental regulations, and profit deviations: The case of salmon farming companies. Aquaculture. 604, 742495. (Level 2). https://doi.org/10.1016/j.aquaculture. 742495
[68] 2024. Guo, Z., Liu, J., He, L., Rodrigues, J.L.M., Chen, N., Zuo, Y., Wang, N., Zhu, X., Sun, Y., Zhang, L. and Song, Y. Zhang, D., Yuan, F., Song, C., & Xu, X., Dominant Edaphic Controls on Particulate Organic Carbon in Global Soils. Global Change Biology, 30(12), p.e17619. (Level 2) https://doi.org/10.1111/gcb.17619
[67] 2024. Pandey, R., He, X. & Zhang, D. Firms' gender composition, loan collateral, and sustainable finance. Global Finance Journal, 101051. (ABS 2) https://doi.org/10.1016/j.gfj.2024.101051 #
[66] 2024. Zhang, D., Wellalage, N. & Fernandez, V. Temporary employment and financial distress in times of crisis. The Journal of Risk Finance. 25(4), 602–628. (ABS 1) https://doi.org/10.1108/JRF-09-2023-0226 #
[65] 2024. Sogn‐Grundvåg, G., Zhang, D., & Asche, F. Starting high or low in English auctions? The case of frozen saithe in Norway. Journal of the Agricultural and Applied Economics Association. 3, 478–490. https://doi.org/10.1002/jaa2.123 =
[64] 2024. Sogn-Grundvåg, G., Zhang, D., & Iversen, A. Quality uncertainty and repeat purchases in fish auctions: Are price affected? European Review of Agricultural Economics, 51(3), 617–643. (ABS 3) https://doi.org/10.1093/erae/jbae013 =
[63] 2024. Straume, H. M., Asche, F., Landazuri-Tveteraas, U., Misund, B., Pettersen, I. K. & Zhang, D. Product forms and price transmission in major European salmon markets. Aquaculture, 582, 740508. (Level 2) https://doi.org/10.1016/j.aquaculture.2023.740508
[62] 2023. Pandey, R., Asche, F., Misund, B., Nygaard, R., Adewumi, O. M., Straume, H. M., & Zhang, D. Production growth, company size, and concentration: The case of salmon. Aquaculture, 577, 739972. (Level 2) https://doi.org/10.1016/j.aquaculture.2023.739972
[61] 2023. Zhang, D. Corporate environmental responsibility and financing patterns: Does firm size matter? Journal of Small Business Management. 62(5), 2482-2522. (ABS 3; Level 2) https://doi.org/10.1016/j.jclepro.2019.04.214 *
[60] 2023. Zhang, D. Talk the talk, and walk the walk? Female-managed firms and greenwashing behavior. Environmental and Behavior. 55(2), 364–395. (Level 2) https://doi.org/10.1177/00139165231192357 *
[59] 2023. Zhang, D., Sogn-Grundvåg, & Tveterås, R. The impact of parasitic sea lice on harvest quantities and sizes of farmed salmon. Aquaculture, 739884. (Level 2) https://doi.org/10.1016/j.aquaculture.2023.739884
[58] 2023. Affuso, E., Buleca, J., Zhang, D., & Zoricak, M. The welfare impact of Euro on European consumers. Finance Research Letters, 56, 104141. (ABS 2) https://doi.org/10.1016/j.frl.2023.104141
[57] 2023. Zhang, D., Fang, Y., & Liu, Y. Import demand under price and exchange-rate uncertainty: The case of U.S. Atlantic salmon imports. Aquaculture, 739712. (Level 2) doi.org/10.1016/j.aquaculture.2023.739712
[56] 2023. Landazuri-Tveteraas, U., Misund, B., Tveterås, R., & Zhang, D. Determinants of investment behavior in Norwegian salmon aquaculture. Aquaculture Economics & Management, 27(4), 790-808. https://doi.org/10.1080/13657305.2023.2208541
[55] 2023. Sogn-Grundvåg, G., & Zhang, D. Commodities failing in auctions: The story of unsold cod in Norway. Journal of Commodity Markets, 29, 100311. (ABS 3) https://doi.org/10.1016/j.jcomm.2023.100311 =
[54] 2023. Zhang, D., & Sogn-Grundvåg, G. Reserve Prices and Bidder Participation in an English Auction: The Case of Atlantic Cod in Norway. Marine Resource Economics, 38(3), 249-261. (ABS 2). 10.1086/725003 =
[53] 2022. Zhang, D. & Wellalage, N.H. (2022). Comparative analysis of environmental performance measures and their impact on firms’ financing choices. Journal of Cleaner Production. 134176. (ABS 2; Level 2) https://doi.org/10.1016/j.jclepro.2022.134176 *
[52] 2022. Zhang, D., Wellalage, N.H., & Fernanze, V. Environmental assurance, gender, and access to finance: Evidence from SMEs. International Review of Financial Analysis. 102326. (ABS 3) 10.1016/j.irfa.2022.102326 *
[51] 2022. Asche, F., Sogn-Grundvåg, G., Zhang, D. Large scale fisheries during the COVID-19 pandemic: The case of the oceangoing groundfish fleet in Norway. Marine Policy. (ABS 2) https://doi.org/10.1016/j.marpol.2022.105223
[50] 2022. Zhang, D. & Fang, Y. Are environmentally friendly firms more vulnerable during the COVID-19 pandemic? Journal of Cleaner Production. 335, 131781. (ABS 2; Level 2) https://doi.org/10.1016/j.jclepro.2022.131781 *
[49] 2022. Zhang, D. & Xie, Y. Customer environmental concerns and profit margin: Evidence from manufacturing firms. Journal of Economics and Business. 106057. (ABS 2) https://doi.org/10.1016/j.jeconbus.2022.106057 *
[48] 2022. Zhang, D. & Sogn-Grundvåg, G. Credit constraints and the severity of COVID-19 impact: Empirical evidence from Enterprise Surveys. Economic Analysis and Policy. (ABS 1) https://doi.org/10.1016/j.eap.2022.03.005 #
[47] 2022. Xie, Y., Fang, Y., & Zhang, D. How environmental performance affects financial performance in the food industry: A global outlook. Sustainability. (Impact Factor: 3.251) https://doi.org/10.3390/su14042127 #
[46] 2022. Sikveland, M., Xie, J., & Zhang, D. The determinants of capital structure in the hospitality industry – The impact of seasonality and firm clustering. International Journal of Hospitality Management, 102, 103172. (ABS 3) https://doi.org/10.1016/j.ijhm.2022.103172
[45] 2022. Zhang, D. & Tveterås, R. Influence of price variability and financial ratios on business failure in the Atlantic salmon industry. Marine Resource Economics, 37(2), (ABS 1) https://doi.org/10.1086/718380.
[44] 2022. Sogn-Grundvåg, G., Zhang, D., Henriksen, E., Joensen, S., Bendiksen, B., & Hermansen, Ø. Fishing tactics and fish quality: the case of the coastal fishery for Atlantic cod in Norway. Fisheries Research, 246, 106167. (Impact Factor: 2.147) https://doi.org/10.1016/j.fishres.2021.106167
[43] 2021. Zhang, D. & Xie, J. Influence of tourism seasonality and financial ratios on hotels' exit risk. Journal of Hospitality & Tourism Research. (ABS 2) https://doi.org/10.1177/10963480211016038
[42] 2021. Sogn-Grundvåg, G. & Zhang, D. Auction versus direct sales: The effect of buyers and sellers on prices. European Review of Agricultural Economics. (ABS 3) https://doi.org/10.1093/erae/jbab051 =
[41] 2021. Sikveland, M., Tveterås, R., & Zhang, D. Profitability differences between public and private firms: The case of Norwegian salmon aquaculture. Aquaculture & Management Economics. (Impact Factor: 4.761) https://doi.org/10.1080/13657305.2021.1970856
[40] 2021. Zhang, D. Impacts of credit constraints on innovation propensity and innovation performance: Evidence from China and India. Asia-Pacific Journal of Accounting & Economics. (ABS 2) https://doi.org/10.1080/16081625.2021.1872033 #
[39] 2021. Zhang, D. & Cang, Y. Ownership concentration, foreign ownership, and auditing: Evidence from SMEs in Latin America. Pacific Accounting Review, 31(3), 301– 321. (ABS 1) https://doi.org/10.1108/par-06-2020-0081 #
[38] 2021. Zhang, D. How environmental performance affects firms' access to credit: Evidence from EU. Journal of Cleaner Production, 128294. (Level 2; ABS 2) https://doi.org/10.1016/j.jclepro.2021.128294 *
[37] 2021. Sogn-Grundvåg, G., Zhang, D., Henriksen, E., Joensen, S., Bendiksen, B., & Hermansen, Ø. 2021. Fish quality and market performance: the case of the coastal fishery for Atlantic cod in Norway. Marine Policy, 127, 104449. (ABS 2) 10.1080/08974438.2020.1860857
[36] 2021. Sogn-Grundvåg, G., Zhang, D., & Dreyer, B. Competition in a fish auction: The case of Atlantic cod in Northern Norway. Fisheries Research, 235, 105826. (Impact Factor: 2.147) https://doi.org/10.1016/j.marpol.2021.104449 =
[35] 2021. Asche, F., Sogn-Grundvåg, G., Zhang, D., Cojocaru, A.L., & Young, J.A. Brands, labels, and product longevity: The case of salmon in UK grocery retailing. Journal of International Food & Agribusiness Marketing, 33(1), 53-68. (CiteScore: 2.7) 10.1080/08974438.2020.1860857
[34] 2020. Sogn-Grundvåg, G., Zhang, D., & Dreyer, D. Fishing methods for Atlantic cod and haddock: Quality and price versus cost. Fisheries Research, 230, 105672. (Impact Factor: 2.147) https://doi.org/10.1016/j.fishres.2020.105672 =
[33] 2020. Sikveland, M. & Zhang, D. Determinants of capital structure in the Norwegian salmon aquaculture industry. Marine Policy, 119, 104061. (ABS 2) 10.1080/13657305.2018.1385659
[32] 2020. Zhang, D. Capacity utilization under credit constraints: A firm-level study of Latin American manufacturing, International Journal of Finance & Economics. (ABS 3) 10.1002/ijfe.2220 #
[31] 2020. Zhang, D. & Xie, J. Uncovering the effect of environmental performance on hotels’ financial performance: A global outlook. Current Issues in Tourism, 24(20): 2849-2854. (ABS 2) doi: https://doi.org/10.1080/13683500.2020.1852197 #
[30] 2020. Zhang, D., Xie. J., & Sikveland, M. Tourism seasonality and hotel firms’ financial performance: Evidence from Norway. Current Issues in Tourism, 24(22): 3021-3029. (ABS 2) https://doi.org/10.1080/13683500.2020.1857714
[29] 2019. Zhang, D. The impact of exchange rate on US imports of salmon: A two-stage demand model approach. The International Trade Journal. (ABS 1) 10.1080/08853908.2019.1631916
[28] 2019. Zhang, D. & Xie, Y. Synergistic effects of in-house and contracted R&D on export performance: Evidence from China. Applied Economics Letters. (ABS 1) https://doi.org/10.1080/13504851.2019.1605582 #
[27] 2019. Zhang, D. Audit assurance and tax enforcement: A comparative study of Central-Eastern European countries. Journal of Accounting in Emerging Market. 9(4), 449–472. (Leading article) (ABS 2) https://doi.org/10.1108/JAEE-10-2018-0113 #
[26] 2019. Sogn-Grundvåg, G., Asche, F., Zhang, D., & Young, J.A. (2019). Eco-labels and product longevity: The case of whitefish in UK grocery retailing. Food Policy, 88, 101750. (ABS 3) https://doi.org/10.1016/j.foodpol.2019.101750
[25] 2019. Zhang, D. & Tveterås, R. A fish out of water? Survival of seafood products from developing countries in the EU market. Marine Policy, 103, 50-58. (ABS 2) 10.1016/j.marpol.2019.02.030
[24] 2019. Sogn-Grundvåg, G., Zhang, D., & Iversen, A. Large buyers at a fish auction: The case of the Norwegian pelagic auction. Marine Policy. 104, 232-238. (ABS 2) 10.1016/j.marpol.2018.06.011 =
[23] 2018. Asche, F., Sikveland, M., & Zhang, D. Profitability in Norwegian salmon farming: The impact of firm size and price variability. Aquaculture & Management Economics, 22(3), 306-317. (Impact Factor: 2.646) https://doi.org/10.1080/13657305.2018.1385659
[22] 2018. Roheim, C.A. & Zhang, D. Sustainability certification and product substitutability: Evidence from the seafood market. Food Policy, 79, 92–100. (ABS 3) https://doi.org/10.1016/j.foodpol.2018.06.002
[21] 2018. Zhang, D., Sogn-Grundvåg, G., Asche, F., & Young, J.A. Eco-labeling and retailer pricing strategies: The UK haddock market. Sustainability, 10(5), 1522. (Impact Factor: 2.576) 10.3390/su10051522
[20] 2018. Zhang, D., Sikveland, M., & Hermansen, Ø. Fishing fleet capacity and profitability. Marine Policy, 88, 116-121. (ABS 2) 10.1016/j.marpol.2017.11.017
[19] 2017. Zhang, D., Xie, J., & Myrland, Ø. How exchange rate affects Chinese processing trade? The case of ground fish. International Journal of Agricultural Resources, Governance and Ecology, 13(3), 256-271. (CiteScore: 0.7) 10.1504/IJARGE.2017.086999
[18] 2017. Zhang, D., Xie, J., & Affuso, E. An efficiency and productivity analysis of the agricultural sector in Alabama. International Journal of Applied Economics, 14(2), 19-36.
[17] 2017. Kinnucan, H.W., Duc, N.M., & Zhang, D. Trade diversion and antidumping effectiveness: Insights from a residual demand model. Australian Journal of Agricultural and Resource Economics, 61(2), 324-340. (ABS 2) 10.1111/1467-8489.12203
[16] 2017. Xie, J. & Zhang, D. Shipping the good fish out? An empirical study on the EU seafood imports under the EU’s generalized system of preferences. Applied Economics, 49(27), 2606-2617. (Leading article). (ABS 2) https://doi.org/10.1080/00036846.2016.1243216
[15] 2017. Zhang, D. & Xie, J. Investment and revenue cap under incentive regulation: The case study of the Norwegian electricity distributors. Cogent Economics & Finance, 5(1), 1400900. (ABS 1) https://doi.org/10.1080/23322039.2017.1400900
[14] 2016. Zhang, D., Myrland, Ø., & Xie, J. Firm size, commodity price, and interdependence between firm–level stock prices: The case of Norwegian salmon industry. Applied Economics and Finance, 3(4), 179–189. doi: https://doi.org/10.11114/aef.v3i4.1864
[13] 2016. Zhang, D. & Zheng, Y. The role of price risk in China’s agricultural and fisheries exports to the US. Applied Economics, 48(41), 3944–3960. (ABS 2) 10.1080/00036846.2016.1148259
[12] 2015. Zhang, D. The trade effect of price risk: A system wide approach. Empirical Economics, 48(3), 1149–1167. (ABS 2) 10.1007/s00181-014-0818-6
[11] 2015. Kinnucan, H.W. & Zhang, D. Notes on farm-retail price transmission and marketing margin behavior. Agricultural Economics, 46(6), 729-737. (ABS 2) 10.1111/agec.12188
[10] 2015. Zhang, D. Interdependence between Nordic stock markets and financial cooperation. Review of Accounting and Finance, 14(2), 172–188. (ABS 1) 10.1108/RAF-03-2013-0036
[9] 2015. Asche, F., Oglend, A., & Zhang, D. Hoarding the herd: The convenience of productive stocks. Journal of Futures Market, 35(7), 679–694. (ABS 3) 10.1002/fut.21679
[8] 2014. Zhang, D. & Asche, F. The oil price shocks and Nordic stock markets. International Journal of Trade and Global Markets, 7(4), 300–315. (CiteScore: 1.3) 10.1504/IJTGM.2014.067260
[7] 2014. Zhang, D., Asche, F., & Oglend, A. Ethanol and trade: An analysis of price transmission in the U.S. market. Energy Economics, 42, 1–8. (Leading article) (ABS 3) 10.1016/j.eneco.2013.11.012
[6] 2014. Zhang, D. & Kinnucan, H.W. Exchange rate volatility and U.S. import demand for salmon. Marine Resource Economics, 29, 411–430. (ABS 1) 10.1086/678931
[5] 2014. Xie, J. & Zhang, D. Imperfect competition and structural changes in the U.S. salmon Import market. Marine Resource Economics, 29(4), 375–389. (ABS 1) 10.1086 / 678929
[4] 2014. Asche, F., Dahl, R.E., Valderrama, D., & Zhang, D. Price transmission in new supply chains – The case of salmon in France. Aquaculture Economics & Management, 18(2), 205–219. (Impact Factor: 2.646) https://doi.org/10.1080/13657305.2014.903309
[3] 2014. Zhang, D., Tveterås, R., & Lien, K. China’s impact on global seafood markets. Aquaculture Economics & Management, 18, 101–119. (Journal’s Best Paper of 2014). (Impact Factor: 2.646) 10.1080/13657305.2014.903308
[2] 2013. Asche, F., Roll, K.H., Sandvold, H.N., Sørvig, A., & Zhang, D. Salmon aquaculture: Larger companies and increased production. Aquaculture Economics & Management, 17, 1–19. (Leading article). (Impact Factor: 2.646) 10.1080/13657305.2013.812156
[1] 2013. Asche, F. & Zhang, D. Testing structural changes in U.S. whitefish import market: An inverse demand system approach. Agricultural and Resource Economics Review, 42(3), 453–470. (ABS 1) 10.1017/S1068280500004937
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